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RE: EOS: Initial thoughts on how to play the EOS ICO
I'm going to be really, really choked if Dan snubs STEEM and BTS and makes us all buy ETH to participate in the ICO. Really??? I'm going to have to sell STEEM/BTS/BTC and buy ETH to get EOS? Why in the hell would Dan want to boost the liquidity and market cap of ETH? Imagine the huge liquidity that would flow into and through BTS if the EOS ICO was through BTS. It would be a massive boon for BTS. What am I missing? Why the ETH love???
Because Fenbushi Capital Endorsement and Blockchain Capital Endorsement. They are great stackholders of ETH
Fenbushi Capital = ETH Fundation
Blockchain Capital = ETH Core
Why they will endorse a company that does not make you dirty rich with what they already have?
http://fenbushi.vc/index_en.html
http://blockchain.capital/
Yes, I've been doing some digging too. The ETH is strong in in block.one and likely most of their investors too. The investors see that ETH is obsolescing and, like good capitalists, have designed EOS as their exit strategy. Fair game. *** BUT *** Dan as lead dev should insist that BTS and STEEM be ICO funding tokens as well.
If all that last 24h BTS buyers understand that they bought something wrong (and it will happen in another 24h), BTS will be dumped hard. And probably die forever. Strange move, @dantheman. Or we don't know something and some days later they will add "We've decided to add those BTS holders to EOS distribution model". While we would dump BTS also.
Trading in the game of lie.
Current BTS pump has nothing to do with EOS. Stan has been plugging a massive forthcoming investment in the BTS ecosystem for a while, and there are obviously some insiders front running. Peerplays is also coming along nicely and will have a positive impact on BTS. Finally, Bitshares is now the world's first profitable DAC.
I was shocked was shocked at first EOS is going to be a ERC token too. Dan wants to get EOS to market as soon as possible and must have determined he had make this move to make that happen.
I'm not particularly attached to any one platform over another and would still be happier to purchase with BTS, since it helps me keep my investment straight as far as I'm investing in this community/idea/group of ideas.
A good investor will never get attached to their investments. This often leads to going down with the ship.
I wish they would give out a share to BTS/Steem holders as well, but maybe it just isn't practical in this case.
About why they don't do the ICO through BTS rather than ETH, that may simply due to a desire to make EOS more mainstream right away, rather than give the BTS community easier access. It could possibly also popularize the EOS token within the ETH community, thus gaining some inside support in ETH and neutralizing some resistance.
That would've been nice financially speaking
Its actually genius... you get the ethheads on board by creating an ico. When they get the information by themselves via eth ico list sites they're gonna learn about the product and participate. Also Dan may take in over 3 + million ethereum tokens on this ico in a short period of time. Im sure the plan is cash them out asap. That should also cause a price drop in ethereum captial leaving the market.
oh wow.... your comment blew my mind. By taking in the ETH and then dumping it, it's like they sucked their marlet cap like a vampire directly out of ETH.